Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    Payments & Settlements

    Decline in Correspondent Banking is Universal – CPMI

    By Editors | 28/05/2019

    Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.

    Clearing & Post-Trade

    Japan T+2 Settlement to Start on 16 July

    By Editors | 23/05/2019

    T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.

    Trading & Investment

    BNM Announces Initiatives to Boost Market Liquidity, Accessibility

    By Editors | 20/05/2019

    The changes include enhanced repo market liquidity and flexibility, easier access to forex market, and an improved delivery mechanism for MGS futures settlements, among others.

    Payments & Settlements

    India to Quadruple Digital Transactions in Three Years – RBI

    By Editors | 17/05/2019

    In its three year roadmap for India’s payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.

    Trading & Investment

    HKEX Reports on Business Progress in Quarterly Results

    By Manesh Samtani | 10/05/2019

    Among the updates are plans to extend trading hours for derivatives products and introduce new interest rate derivatives. HKEX also reportedly plans to shorten IPO settlement to T+1.

    Structural Regulation

    Australian Regulators Urge Action on LIBOR Transition

    By Editors | 10/05/2019

    Firms should be aware of the size and nature of their LIBOR exposures, put in place robust fall-back provisions in LIBOR contracts, and be taking action to transition to alternative rates.

    PEPs & Sanctions

    Korean Banks Halt Won Settlement as Iran Sanctions Waiver Expires

    By Editors | 09/05/2019

    Woori Bank and Industrial Bank of Korea have stopped offering won settlement services that have to date allowed over 2,000 local companies to bypass Iran trade restrictions.

    Clearing & Post-Trade

    HKEX, Euroclear to Bring European ETFs to Hong Kong

    By Editors | 08/05/2019

    HKEX will become the first Asian stock exchange to adopt Euroclear’s international central securities depository ETF settlement model, which allows trades in different markets to be settled in a central location.

    Payments & Settlements

    RBI Fines Multiple Payment Service Providers

    By Editors | 06/05/2019

    The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.

    Payments & Settlements

    SWIFT Launches Payment Investigation, Resolution Capability

    By Editors | 03/05/2019

    The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.